I am sorry to hear this, however, it may be the correct way to go. Medicaid can help you, the process depends on what state you live in.

Where I live you can have $3,000 in savings for two people earn less than $26,228, the lookback period is 5 years.

Every state is different. Obtaining Medicaid can be a long drawn out process, so bankruptcy can buy you some time before the bottom falls out of the boat.

I wish you the best of luck!